Smith & Nephew Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	5,810	5,549	5,215	5,212	4,560
Revenue Growth (YoY)	4.70%	6.40%	0.06%	14.30%	-11.25%
Cost of Revenue	1,764	1,730	1,540	1,543	1,396
Gross Profit	4,046	3,819	3,675	3,669	3,164
Selling, General & Admin	3,100	3,055	2,880	2,720	2,562
Research & Development	289	339	345	356	307
Total Operating Expenses	3,389	3,394	3,225	3,076	2,869
Operating Income	657	425	450	593	295
Interest Income	24	34	14	6	7
Interest Expense	-145	-132	-80	-80	-62
Other Non-Operating Income (Expense)	-38	-37	-149	67	7
Total Non-Operating Income (Expense)	-159	-135	-215	-7	-48
Pretax Income	498	290	235	586	246
Provision for Income Taxes	86	27	12	62	-202
Net Income	412	263	223	524	448
Net Income to Common	412	263	223	524	448
Net Income Growth	56.65%	17.94%	-57.44%	16.96%	-25.33%
Shares Outstanding (Basic)	437	436	436	439	438
Shares Outstanding (Diluted)	438	437	437	439	439
Shares Change (YoY)	0.34%	-	-0.57%	0.11%	-
EPS (Basic)	0.94	0.60	0.51	1.20	1.03
EPS (Diluted)	0.94	0.60	0.51	1.19	1.02
EPS Growth	56.15%	18.04%	-57.29%	16.60%	-25.15%
Free Cash Flow	606	181	110	469	492
Free Cash Flow Growth	234.81%	64.55%	-76.55%	-4.67%	-35.26%
Free Cash Flow Per Share	1.38	0.41	0.25	1.07	1.12
Dividends Per Share	0.375	0.375	0.375	0.375	0.375
Gross Margin	69.64%	68.82%	70.47%	70.40%	69.39%
Operating Margin	11.31%	7.66%	8.63%	11.38%	6.47%
Profit Margin	7.09%	4.74%	4.28%	10.05%	9.82%
FCF Margin	10.43%	3.26%	2.11%	9.00%	10.79%
EBITDA	1,302	1,108	1,067	1,160	857
EBITDA Margin	22.41%	19.97%	20.46%	22.26%	18.79%
EBIT	657	425	450	593	295
EBIT Margin	11.31%	7.66%	8.63%	11.38%	6.47%
Effective Tax Rate	17.27%	9.31%	5.11%	10.58%	-82.11%

Updated Mar 2, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q